Dennis Company reported net income of $50,000 on sales of $300,000. The company has average total assets of $500,000 and average total liabilities of $100,000. What is the company's return on equity ratio?
A. 50.0%
B. 16.7%
C. 10.0%
D. 12.5%
Answer: D
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A typical control for stockholders' equity transactions is for the board of directors to approve all stock transactions (including options and warrants)
a. True b. False Indicate whether the statement is true or false
Which of the following factors is least likely to come into play in the consideration of decision-making in the Vroom/Jago approach?
a. the significance of the problem at hand b. the amount of commitment of the followers c. the day-to-day interactions of the followers d. the followers’ ability to work together as a team
Before choosing which trade show to attend, a marketer should first consider which of the following?
A) location of the show B) type of press kit to create C) buying potential of attendees D) availability of sales personnel E) seasonal marketing needs
Amram Inc. can issue a 20-year bond with a 6% annual coupon at par. This bond is not convertible, not callable, and has no sinking fund. Alternatively, Amram could issue a 20-year bond that is convertible into common equity, may be called, and has a sinking fund. Which of the following most accurately describes the coupon rate that Amram would have to pay on the second bond, the convertible, callable bond with the sinking fund, to have it sell initially at par?
A. The coupon rate should be exactly equal to 6%. B. The coupon rate could be less than, equal to, or greater than 6%, depending on the specific terms set, but in the real world the convertible feature would probably cause the coupon rate to be less than 6%. C. The rate should be slightly greater than 6%. D. The rate should be over 7%. E. The rate should be over 8%.